Iconic Restaurant in Richmond, VA


  • Asking Price: $374,900
  • Gross Income: $575,943
  • Cash Flow: $125,726
  • Real Estate: Not Disclosed
  • Inventory: Not Disclosed
  • FF&E: $25,452
  • Listing ID: #198093
  • Established: Not Disclosed
  • Employees: 2 FT/15 PT

Business Description

This is a unique opportunity to own a landmark restaurant in historic Richmond, Virginia. Located in one of Richmond's trendiest historic districts, this restaurant has served customers for over 50 years. Offering only 2 day parts, this restaurant has grown sales year after year, and is perfectly positioned to ride the wave of commercial and residential development in the area. With a simple but satisfying menu, low overhead and established customer base, this is truly a turn-key opportunity for the aspiring restaurateur!

Business Details

Primary Business Category: Restaurants, Bars & Other Food Services
Location: Virginia

Company Information

Home Based: No
Franchise: No
Relocatable: No
Number of Employees: 2 FT/15 PT

Financial Information

Asking Price: $374,900
Gross Revenue: $575,943
Cash Flow: $125,726
FF&E: $25,452
Seller Financing Available: No

Property Information


The restaurant has operated from the same facility for over 50 years and is literally a fixture in the community. Seating for 120 guests, including an outdoor patio, a modern and flexible kitchen and ample parking.

Growth & expansion opportunities:

Growth will continue to occur naturally as the local area continues to develop. Additionally, new owner may choose to open for additional day parts and/or expand menu offerings. Additional advertising may help attract new customers from outside of the area.


While there is no shortage of restaurants in Richmond, there is very little competition in the immediate area and a growing residential community is already increasing demand. This restaurant occupies a unique niche in the community.

Reason for selling:

The owner is retiring.

Support & Training:

Will train for 2 weeks @ no cost. Restaurant serves only 2 day parts and is actively managed by the current owner. New owner should have basic restaurant and management skills. Beer and wine license.

Contact Business Seller

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Business Listed By:

Michael Metzger

Murphy Business Brokers